Large Bodies of Shallow Uranium Mineralisation Delineated at Koppies

• Resource definition drilling recently completed at Koppies has confirmed continuity of shallow, calcrete hosted uranium mineralisation.
• 558 holes for 4,701 metres drilled in Koppies resource program.
• Significant intersections include:
  • KR0234 8 m at 768 ppm eU3O8 from 4 m
  • KOR0200 6 m at 796 ppm eU3O8 from 6 m
  • KR0378 9 m at 415 ppm eU3O8 from 1 m
  • KR0386 11 m at 319 ppm eU3O8 from 1 m
  • KR0224 10 m at 319 ppm eU3O8 from 6 m
• Uranium mineralisation remains open to east and south.
• Program focused on drilling the Koppies I and II deposits at 100 m x 100 m to provide input for maiden Mineral Resource Estimates anticipated to be completed in the March Quarter 2022.

Elevate Uranium’s Managing Director, Murray Hill, commented:

“The resource definition drilling program has confirmed continuity of shallow, calcrete hosted uranium mineralisation within broad palaeochannels. The drilling has produced excellent results and we look forward to reporting a maiden resource estimate, expected to be completed in the March Quarter 2022.

We continue to be excited about further extensions to the Koppies palaeochannels and potential for additional mineralisation.”

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